Luminar Technologies, Inc. (NASDAQ:LAZR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Luminar Technologies, Inc. (NASDAQ:LAZR) by 5,037.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 576,547 shares of the company’s stock after acquiring an additional 565,324 shares during the period. SG Americas Securities LLC owned about 0.13% of Luminar Technologies worth $519,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Optas LLC purchased a new position in Luminar Technologies during the second quarter worth approximately $26,000. Invst LLC purchased a new position in shares of Luminar Technologies during the 2nd quarter valued at approximately $28,000. Evergreen Wealth Solutions LLC acquired a new stake in Luminar Technologies in the 1st quarter valued at $39,000. 180 Wealth Advisors LLC increased its holdings in Luminar Technologies by 27.0% in the 2nd quarter. 180 Wealth Advisors LLC now owns 26,294 shares of the company’s stock worth $39,000 after acquiring an additional 5,592 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Luminar Technologies during the second quarter worth $42,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LAZR has been the topic of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Luminar Technologies from $1.50 to $1.00 and set a “sell” rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. reduced their target price on Luminar Technologies from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $1.00 target price on shares of Luminar Technologies in a research report on Tuesday, September 10th. Westpark Capital reiterated a “buy” rating and set a $9.00 price target on shares of Luminar Technologies in a research report on Tuesday, August 6th. Finally, Citigroup decreased their price objective on Luminar Technologies from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.74.

Luminar Technologies Stock Down 1.1 %

Shares of NASDAQ:LAZR opened at $0.82 on Wednesday. Luminar Technologies, Inc. has a 52-week low of $0.73 and a 52-week high of $4.29. The stock has a market cap of $366.39 million, a P/E ratio of -0.60 and a beta of 1.60. The business has a fifty day moving average of $0.90 and a two-hundred day moving average of $1.35.

Luminar Technologies (NASDAQ:LAZR) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.04. The firm had revenue of $16.50 million for the quarter, compared to analyst estimates of $20.36 million. Luminar Technologies’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.37) earnings per share. On average, equities analysts anticipate that Luminar Technologies, Inc. will post -0.97 earnings per share for the current year.

Luminar Technologies Profile

Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.